Supply based on demand dynamical model
Levi, Asaf · Sabuco, Juan · Sanjuan, Miguel A. F.
Original · EN
We propose and analyze numerically a simple dynamical model that describes the firm behaviors under uncertainty of demand forecast. Iterating this simple model and varying some parameters values we observe a wide variety of market dynamics such as equilibria, periodic and chaotic behaviors. Interestingly the model is also able to reproduce market collapses.
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